HB 1307 Arkansas House · 2025 Regular Session

TO ENSURE RESPONSIBLE FUND MANAGEMENT; AND TO AMEND THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006).

HB 1307 amends Arkansas' Uniform Prudent Management of Institutional Funds Act to require institutions managing funds (like retirement or endowment funds) to document and publicly share specific details about service providers they consult. The bill mandates that institutions record fees, historical investment performance, and proof of compliance with existing rules, then publicly post notices seeking new service providers. This directly affects fund managers by increasing transparency in their vendor selection process. The law became effective as Act 308 on March 18, 2025, after passing the Arkansas Senate with Amendment No. 1.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Mar 2025

Signed into Law

Mar 2025

Introduced Jan 29, 2025 Signed Mar 18, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Act 308 → HB 1307 · 3 edits

MINOR

The bill text has been updated from Act 308 to House Bill 1307, with changes primarily reflecting the transition from a prior session's act to a new bill in the 95th General Assembly. The formatting and session information have been updated to reflect the current legislative session and date.

Scope change

No substantive policy scope change; this appears to be a procedural update from a previous act to a new bill.

TECHNICAL

Removed reference to 'Act 308 of the Regular Session' as the bill is now being introduced as HB 1307.

Added session information indicating the 95th General Assembly, Regular Session 2025, and House Bill 1307 designation.

Updated date references to reflect current legislative session dates (H2/10/25, H2/17/25, S2/26/25).

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 18, 2025

Signed into law

Notification that HB1307 is now Act 308

lower

Mar 13, 2025

Lower · Passed

Senate amendment # 1 read and concurred in.

lower

Mar 12, 2025

Lower · Passed

Returned by the Committee with the recommendation that it do pass, concur in Senate Amendment No. 1

lower

Mar 10, 2025

Committee

Re-referred to the Committee on INSURANCE & COMMERCE- HOUSE

lower

Mar 10, 2025

Lower · Passed

Returned from Senate as passed, as amended # 1

lower

Mar 10, 2025

Upper · Passed

Returned to the House as passed as amended # 1 .

upper

Mar 10, 2025

Upper · Passed

Read the third time and passed.

upper

Mar 6, 2025

Upper · Passed

Returned by the Committee, with the recommendation that it Do Pass

upper

Feb 26, 2025

Committee

Re-referred to INSURANCE & COMMERCE - SENATE

upper

Feb 20, 2025

Lower · Passed

Read the third time and passed and ordered transmitted to the Senate.

lower

Feb 19, 2025

Lower · Passed

Returned by the Committee Do Pass

lower

Feb 17, 2025

Introduced

Amendment No. 2 read and adopted and the bill ordered engrossed.

lower

Feb 10, 2025

Introduced

Amendment No. 1 read and adopted and the bill ordered engrossed.

lower

Jan 29, 2025

Introduced

Filed

lower

2 primary · 1 co-sponsor